On Wednesday, American stock index futures headed south because dismal data out of China affected market sentiment, while traders waited for more developments related to the US-China trade conflict…
Philippines stocks head south
On Wednesday, Philippines stocks slumped after the close because losses in the Mining & Oil, Holding Firms as well as Banking & Financials sectors suppressed stocks.
The PSEi Composite went down 0.88%.
On the PSEi Composite the best performers were represented by such benchmarks as Metropolitan Bank and Trust Co, Robinsons Land Corp and Ayala Land Inc. They gained respectively 1.90%, 1.71% and 1.43%.
On the contrary the top notch losers included LT Group Inc, JG Summit Holdings Inc and Aboitiz Equity Ventures Inc. They lost respectively 4.26%, 3.11% and 2.90%.
On the Philippines Stock Exchange descending equities stocks outnumbered rallying ones by 115 to 103, while 40 were intact.
The currency pair CNY/PHP slumped 0.08% hitting 7.9727, USD/PHP dived 0.24% being worth 50.928.
As for the US Dollar Index Futures, it lost 0.26% showing a reading of 89.65.
February delivery gold futures tacked on 0.70% reaching $1346.00 a troy ounce.
On Wednesday, Italian stocks led losses in the European Union right after the country's deputy prime minister told that Rome considers breaking EU fiscal rules, thus masking early revenue powered by optimism around the US-China trade conflict…
On Tuesday, another US-China tariff conflict escalation put pressure on Asian stocks, although remarks from American leader that he expects trade talks to be successful backed market sentiment…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.